Macquarie set a €41.00 ($45.56) target price on Innogy SE (ETR:IGY) in a research note published on Friday. The brokerage currently has a a buy rating on the stock.

Shares of Innogy SE (ETR:IGY) traded up 99.06% during midday trading on Friday, reaching €35.75. 14,150 shares of the company were exchanged. The firm’s 50 day moving average is €0.00 and its 200-day moving average is €0.00. The company has a market capitalization of €17.87 billion and a PE ratio of 12.17. Innogy SE has a 52-week low of €35.50 and a 52-week high of €36.33.

About Innogy SE

Innogy SE is a Germany-based company, which is primarily involved in the utilities industry. The Company operates as a provider of electricity and natural gas. The Company’s operations are divided into three segments, namely Renewables, Grid and Infrastructure and Retail. The Company operates plants for electricity generation and production from renewable energy sources.

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